In Focus
HSBC to sell its $9.3b stake in Ping An Insurance
HSBC to sell its $9.3b stake in Ping An Insurance
Ping An to be divested despite its profitability.
China to tackle renminbi convertibility
Deregulation also necessary to carry out financial reforms.
Chinese bank NPLs set new record for scariness
Total NPLs jump to US$77 billion in Q3.
Thai banks urged to tone down advertisements
Unduly influencing the public to borrow.
Vietnam's bank chief to be grilled over irresponsible NPL comment
361 requests for formal explanation.
Thailand's SCB fortifies Myanmar biz, eyes China
Regional integration in Asean.
Japanese banking system gets Moody’s upgrade
Rating is now stable from negative.
Singapore banks on track to post 6-8% earnings growth in FY12
DBS is Nomura's top pick.
Bad loans threaten China’s recovery
A tsunami of bad loans could sink many Chinese banks.
Malaysia's Maybank penetrates Laos market
No less than the Prime Minister!
Big Four have a bad year
The Big Four could see profitability plunge to 5%.
StanChart set for another good year
Operating profit grew less than 10%, however.
Hong Kong banks to suffer from profit decline post QE3
Banks will struggle to write new mortgages to offset an annual repayment rate of ~15%.
China's depressing corporate deposits growth to eventually close to zero
From 18% in 2002 to 9% in Sep 2012 to -1% in 2021.
Indian banks stagger under NPAs
Indian banks face more NPAs.
Singapore banks selling non-core investments to prepare for Basel III
OCBC sold F&N and APB while DBS sold its stake in BPI.
China banks' loan growth on track to meet the RMB8.5tn target for 2012
Total new RMB loans reached RMB6.72tn in the first nine months of 2012.
Commentary
Electronic trading proves its strength in times of volatility